GTB 737 banner Yudala banner

FOREX: CBN lifts supply with $180m…invisibles get $80m

By News Express on 21/03/2017

Share on facebook Yahoo mail icon Gmail icon

Views: 399

•CBN Headquarters.
•CBN Headquarters.

The Central Bank of Nigeria (CBN) on Monday offered a total of $180 million to meet bids for wholesale auction and requests for invisibles such as medicals, school fees and personal travel allowances valued at $80 million, through the inter-bank window.

Confirming the figures, CBN Acting Director, Corporate Communications Department, Isaac Okorafor, said the wholesale requests would be settled today, Tuesday, March 21, 2017.

With the development, it is expected that the Naira will further strengthen in the foreign exchange market in the days to come.

While disclosing that the apex bank had so far met all the legitimate demands from genuine customers, Okorafor reiterated that the CBN would ensure sustainable forex liquidity and transparency in the process to enable as many customers as possible get access to the foreign exchange they genuinely demand.

He therefore advised eligible individuals with genuine foreign currency needs to freely approach their banks and authorised dealers with their request, stressing that the CBN had made adequate provisions of foreign currency for all such legitimate purposes.

Mr. Okorafor further advised legitimate customers to approach the CBN with their complaints should they be unfairly denied access.

 

Source News Express

Posted 21/03/2017 12:16:58 AM

 

Share on facebook Yahoo mail icon Gmail icon


 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

 

You may also like...
Atheists go to court, demand restrictions against churches...

Niger State set to deliver a million tonnes...

Fayose to FG: End herdsmen attacks

Phone Call: Grant Fayose’s request, rights group tells...

Terrorism: NAF acquires security dogs, trains personnel on...

Nigerian Navy warns against civilian rights abuse

Uduaghan signs N451 Billion 2014 Delta Appropriation Bill,...

THE PROBLEM WITH GOV. PETER OBI —Akunyili

Retired air chief applauds NAF’s efforts in fighting...

Monarch, 2 others detained over destruction of police...

Petrol scarcity to ease off by Monday —Kachikwu...

Report acts of indiscipline by any army officer:...

 

Latest News Monkey pox spreads to 11 states; number of cases now 74 7 Nigeria Airways pensioners die in 1 week awaiting entitlements NNPC unfolds plan to stimulate economic growth through aggressive gas development Police bows to pressure, transfers controversial Edo Police Commissioner Herdsmen, farmers sign peace pact in Niger 20 million Nigerians to join war against corruption Human Rights Commission tasked to intervene in unlawful retirement of 38 Army Officers Biafra: Igbo leaders have sold out, Biafra Zionists allege Bill to establish Federal University of Health Sciences passes second reading in Senate SEC directs NSE to place Oando’s shares on technical suspension CALDEV to partner Ooni of Ife to end child abuse in Africa CD National Secretary dismisses expulsion, says null and void

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (286,733 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (269,294 views) Shameless Genevieve Nnaji exposes breasts in public (217,894 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (183,177 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (179,219 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (161,732 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (140,149 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (128,572 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (123,404 views) Lagos plane crash: Journalist releases victims’ names (113,896 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (111,988 views) APC cries foul as PDP’s Fayose takes early lead in Ekiti governorship election (104,366 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (29) Business (2,724) Business Verdict (24) Columnists (755) Complaints & Requests (93) Enterprise & Opportunities (183) Entertainment (395) Features (497) Global Business Monitor (187) International (1,579) Interviews (134) Live Commentary (28) Love Matters (77) News (29,413) Opinion (824) Pidgin (8) Politics (3,983) Religion (645) Sports (1,338) Stock Watch (23) AMA & Al Jazeera Global Update

 

UBA mobile app

CBN words on marble advert

 

 

#MonkeyPox outbreak

 

APO Group Partner

 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement



 

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!